ZhongRenChun personal page - To The Moon

ZhongRenChun

ZhongRenChun

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03:44

cryptocurrency is the future! crypto is the fastest growing sector in the world, far outperform any stock or real estate.

04-15

well done

Hong Kong Gives Initial Approval for Spot-Bitcoin and Ether ETFs

04-12

Excellent! But is it only for Hong Kong users or for everyone? What about Canada users?

@TigerPM:Tiger Trade 9.1.6: New Features you should know

04-10

Hope they are leveraged. We need 3x or 2x leverage.

Hong Kong Set to Approve Its First Spot Bitcoin ETFs in April, Sources Say

04-09

Human stupidity is infinite. Everyone said the internet was a fad and would be gone in 3 months. Never a shortage of morons. At $14k, they said it's a scam. At $74k, still saying it's a scam. When it hits $1 million, they will still say its a scam. Wishful thinking.

Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank

04-05

What about China? China should get in on this too.

Indonesia Says Nvidia, Indosat to Jointly Build $200 Million AI Center

04-04

Good opportunity for China to buy Intel at a cheaper price!

Intel Stock Falls over 6% After Disclosing $7 Bln Operating Loss for Chip-Making Unit

04-03

Well done. Now we got some 2x ETFs. How about a 3x leveraged bitcoin ETF?

Wall Street Seizes Bitcoin Volatility With Leveraged, Short ETFs

04-02

What a fool

Bitcoin Is Soaring This Year. Goldman's Crypto Skeptic Isn't Biting

03-31

$2X BITCOIN STRATEGY ETF(BITX)$

03-24

Coinbase ATH was over $400.

@koolgal:Why Coinbase is My Top Pick for Crypto stocks

03-23

My hobby is gaming. I spent $1500 on gaming desktop and $1400 on Huawei matepad pro. in the future I hope to buy gaming laptop or VR HEADSET.

03-15

What is the highest leverage bitcoin ETF? I already have BITX. ARE THERE any others?

03-15

Buy coinbase now! 2024 to 2025 is going to be the biggest bullrun in crypto history!! Also a good time to crypto Mining stocks Like hive.

03-06

Great ariticle, would you like to share it?

Bitcoin Retreats After Record-Setting Run That Topped $69,000

02-28

Great ariticle, would you like to share it?

@Tiger_Chart:Bitcoin scorches past $57,000 as big buyers flock in

02-17

Great ariticle, would you like to share it?

Softbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture

02-17

They could partner with Huawei and build some AI chips.

Softbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture

02-09

happy new year! 2024 will be a critical year for bitcoin as it is a halving year. great prosperity is coming!

01-18

well this is very misleading because you didn't mention his assets. what if he has 10 billion dollars in assets? then a 1 billion debt is nothing. so you have to look at the whole picture not just take the debt out of context.

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done","listText":"well done","text":"well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/295626089468200","repostId":"1196453794","repostType":4,"repost":{"id":"1196453794","pubTimestamp":1713166200,"share":"https://www.laohu8.com/m/news/1196453794?lang=&edition=full","pubTime":"2024-04-15 15:30","market":"hk","language":"en","title":"Hong Kong Gives Initial Approval for Spot-Bitcoin and Ether ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1196453794","media":"Bloomberg","summary":"ChinaAMC, Harvest and Bosera among issuers given green lightBitcoin extended gains as crypto got lift from city’s decisionHong Kong gave initial approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds, a development that boosted both digital assets as well as the wider crypto market.China Asset Management, Harvest Global Investments and a partnership between HashKey Capital Ltd. and Bosera Asset Management  Co. all announced initial approvals in separate statements on","content":"<html><head></head><body><ul style=\"\"><li><p>ChinaAMC, Harvest and Bosera among issuers given green light</p></li><li><p>Bitcoin extended gains as crypto got lift from city’s decision</p></li></ul><p>Hong Kong gave initial approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds, a development that boosted both digital assets as well as the wider crypto market.</p><p style=\"text-align: start;\">China Asset Management, Harvest Global Investments and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co. all announced initial approvals in separate statements on Monday.</p><p style=\"text-align: start;\">ChinaAMC is working with OSL Digital Securities Ltd. and BOCI-Prudential Trustee on the new products.</p><p style=\"text-align: start;\">Hong Kong is vying with the likes of Singapore and Dubai to establish itself as a hub for digital-asset firms. The city rolled out a regulatory regime for virtual-asset service providers in June 2023.</p><p style=\"text-align: start;\">The crypto market got a boost from the authorities’ decision to give a green light for spot funds. Bitcoin extended gains, climbing as much as 4.1% to about $66,500, while Ether added 6.1% to reach $3,257.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Gives Initial Approval for Spot-Bitcoin and Ether ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Gives Initial Approval for Spot-Bitcoin and Ether ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-15 15:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-15/hong-kong-gives-initial-approval-for-spot-bitcoin-btc-and-ether-eth-etfs?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ChinaAMC, Harvest and Bosera among issuers given green lightBitcoin extended gains as crypto got lift from city’s decisionHong Kong gave initial approvals for asset managers to launch spot-Bitcoin and...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-15/hong-kong-gives-initial-approval-for-spot-bitcoin-btc-and-ether-eth-etfs?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2024-04-15/hong-kong-gives-initial-approval-for-spot-bitcoin-btc-and-ether-eth-etfs?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196453794","content_text":"ChinaAMC, Harvest and Bosera among issuers given green lightBitcoin extended gains as crypto got lift from city’s decisionHong Kong gave initial approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds, a development that boosted both digital assets as well as the wider crypto market.China Asset Management, Harvest Global Investments and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co. all announced initial approvals in separate statements on Monday.ChinaAMC is working with OSL Digital Securities Ltd. and BOCI-Prudential Trustee on the new products.Hong Kong is vying with the likes of Singapore and Dubai to establish itself as a hub for digital-asset firms. The city rolled out a regulatory regime for virtual-asset service providers in June 2023.The crypto market got a boost from the authorities’ decision to give a green light for spot funds. Bitcoin extended gains, climbing as much as 4.1% to about $66,500, while Ether added 6.1% to reach $3,257.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":294382779134112,"gmtCreate":1712893885059,"gmtModify":1712893888528,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Excellent!&nbsp; But is it only for Hong Kong users or for everyone?&nbsp; What about Canada users?","listText":"Excellent!&nbsp; But is it only for Hong Kong users or for everyone?&nbsp; What about Canada users?","text":"Excellent! But is it only for Hong Kong users or for everyone? What about Canada users?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/294382779134112","repostId":"293786784723024","repostType":1,"repost":{"id":293786784723024,"gmtCreate":1712732091520,"gmtModify":1713329320401,"author":{"id":"3527667588142897","authorId":"3527667588142897","name":"TigerPM","avatar":"https://static.tigerbbs.com/a6704bebf28358e0d9c638e765403bd0","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Trade 9.1.6:  New Features you should know","htmlText":"What's New [New] Crypto market fully online! Support for trading from Hong Kong PI users. [New]Bond zone online，explore a Variety of Bonds to Diversify Your Investments! [New]FCN now supports multiple assets and limit orders. [Upgrade] Improved trading sharing functionality. Features Introduction The crypto market is fully online! Support for trading from Hong Kong PI users. Full license to start displaying cryptocurrency quotes. Allow professional investors in Hong Kong to open virtual asset trading, support 18 virtual asset brokerage trading, and realize stock + virtual asset trading all in one account. Treasury zone online, easy to browse popular US Treasury bonds and US Treasury ETFs -Path：Quote-Wealth Tab - Introduction：Support popular US bond list and US bond ETF FCN now sup","listText":"What's New [New] Crypto market fully online! Support for trading from Hong Kong PI users. [New]Bond zone online，explore a Variety of Bonds to Diversify Your Investments! [New]FCN now supports multiple assets and limit orders. [Upgrade] Improved trading sharing functionality. Features Introduction The crypto market is fully online! Support for trading from Hong Kong PI users. Full license to start displaying cryptocurrency quotes. Allow professional investors in Hong Kong to open virtual asset trading, support 18 virtual asset brokerage trading, and realize stock + virtual asset trading all in one account. Treasury zone online, easy to browse popular US Treasury bonds and US Treasury ETFs -Path：Quote-Wealth Tab - Introduction：Support popular US bond list and US bond ETF FCN now sup","text":"What's New [New] Crypto market fully online! Support for trading from Hong Kong PI users. [New]Bond zone online，explore a Variety of Bonds to Diversify Your Investments! [New]FCN now supports multiple assets and limit orders. [Upgrade] Improved trading sharing functionality. Features Introduction The crypto market is fully online! Support for trading from Hong Kong PI users. Full license to start displaying cryptocurrency quotes. Allow professional investors in Hong Kong to open virtual asset trading, support 18 virtual asset brokerage trading, and realize stock + virtual asset trading all in one account. Treasury zone online, easy to browse popular US Treasury bonds and US Treasury ETFs -Path：Quote-Wealth Tab - Introduction：Support popular US bond list and US bond ETF FCN now sup","images":[{"img":"https://community-static.tradeup.com/news/e853c9a17357209330492d8082b46e90","width":"1170","height":"5211"},{"img":"https://community-static.tradeup.com/news/c659fe27bfd50b7ec8da220e449b3c75","width":"1170","height":"5604"},{"img":"https://community-static.tradeup.com/news/4d8e8ab686b840d71db4d85c0e7d5b11","width":"1088","height":"2400"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293786784723024","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293738501214368,"gmtCreate":1712744959853,"gmtModify":1712744963901,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Hope they are leveraged.&nbsp; &nbsp;We need 3x or 2x leverage.&nbsp;","listText":"Hope they are leveraged.&nbsp; &nbsp;We need 3x or 2x leverage.&nbsp;","text":"Hope they are leveraged. We need 3x or 2x leverage.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293738501214368","repostId":"2426557814","repostType":4,"repost":{"id":"2426557814","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712744549,"share":"https://www.laohu8.com/m/news/2426557814?lang=&edition=full","pubTime":"2024-04-10 18:22","market":"hk","language":"en","title":"Hong Kong Set to Approve Its First Spot Bitcoin ETFs in April, Sources Say","url":"https://stock-news.laohu8.com/highlight/detail?id=2426557814","media":"Reuters","summary":"By Summer Zhen and Jason  Xue      HONG KONG, April 10 (Reuters) - Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next wee","content":"<html><head></head><body><p>HONG KONG, April 10 (Reuters) - Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.</p><p>That timeline would make Hong Kong Asia&#39;s first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year.</p><p>Regulators have sped up the approval process, according to one of the people.</p><p>Having lost much of its shine as a global financial hub due to restrictions during the pandemic, China&#39;s faltering economy and Sino-U.S. tensions, Hong Kong authorities have been keen to do what they can to improve the city&#39;s attractiveness for financial trading.</p><p>&#34;The significance of Hong Kong ETFs is far-reaching as it could bring in fresh global investment as well as pushing crypto adoption to a new height,&#34; said Adrian Wang, CEO of Metalpha, a Hong Kong-based crypto wealth manager.</p><p>The U.S. launched the first U.S.-listed exchange-traded funds (ETFs) to track spot bitcoin in January, drawing roughly $12 billion in net inflows, data from BitMEX Research shows.</p><p>Bitcoin has gained more than 60% this year and hit an all-time high of $73,803 in March. It was trading at around $69,000 on Wednesday.</p><p>At least four mainland Chinese and Hong Kong asset managers have submitted applications to launch the ETFs, the two sources said.</p><p>The Hong Kong units of China Asset Management, Harvest Fund Management and Bosera Asset Management are among the applicants, according to the two people and a third source.</p><p>The sources were not authorised to speak to media and declined to be identified.</p><p>Hong Kong&#39;s Securities and Futures Commission <a href=\"https://laohu8.com/S/SFC.AU\">$(SFC.AU)$</a> and the three Chinese companies declined to comment.</p><p>China Asset Management and Harvest Fund Management&#39;s Hong Kong units obtained approval this month to manage portfolios that invest more than 10% in virtual assets, according to the SFC&#39;s website.</p><p>Their parent companies are among the biggest mutual fund firms in China, with each managing over 1 trillion yuan ($138 billion) in assets.</p><p>Although cryptocurrency trading is banned in mainland China, offshore Chinese financial institutions have been keen to participate in crypto asset development in Hong Kong.</p><p>Hong Kong approved its first ETFs for cryptocurrency futures in late 2022. The largest one - the CSOP Bitcoin Futures ETF</p><p>- has seen its assets under management swell seven times since September to around $120 million.</p><p>Hong Kong-based Value Partners has also said it is exploring launching a spot bitcoin ETF. It has not disclosed if it has submitted an application.</p><p>($1 = 7.2305 yuan)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Set to Approve Its First Spot Bitcoin ETFs in April, Sources Say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Set to Approve Its First Spot Bitcoin ETFs in April, Sources Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-10 18:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>HONG KONG, April 10 (Reuters) - Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.</p><p>That timeline would make Hong Kong Asia&#39;s first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year.</p><p>Regulators have sped up the approval process, according to one of the people.</p><p>Having lost much of its shine as a global financial hub due to restrictions during the pandemic, China&#39;s faltering economy and Sino-U.S. tensions, Hong Kong authorities have been keen to do what they can to improve the city&#39;s attractiveness for financial trading.</p><p>&#34;The significance of Hong Kong ETFs is far-reaching as it could bring in fresh global investment as well as pushing crypto adoption to a new height,&#34; said Adrian Wang, CEO of Metalpha, a Hong Kong-based crypto wealth manager.</p><p>The U.S. launched the first U.S.-listed exchange-traded funds (ETFs) to track spot bitcoin in January, drawing roughly $12 billion in net inflows, data from BitMEX Research shows.</p><p>Bitcoin has gained more than 60% this year and hit an all-time high of $73,803 in March. It was trading at around $69,000 on Wednesday.</p><p>At least four mainland Chinese and Hong Kong asset managers have submitted applications to launch the ETFs, the two sources said.</p><p>The Hong Kong units of China Asset Management, Harvest Fund Management and Bosera Asset Management are among the applicants, according to the two people and a third source.</p><p>The sources were not authorised to speak to media and declined to be identified.</p><p>Hong Kong&#39;s Securities and Futures Commission <a href=\"https://laohu8.com/S/SFC.AU\">$(SFC.AU)$</a> and the three Chinese companies declined to comment.</p><p>China Asset Management and Harvest Fund Management&#39;s Hong Kong units obtained approval this month to manage portfolios that invest more than 10% in virtual assets, according to the SFC&#39;s website.</p><p>Their parent companies are among the biggest mutual fund firms in China, with each managing over 1 trillion yuan ($138 billion) in assets.</p><p>Although cryptocurrency trading is banned in mainland China, offshore Chinese financial institutions have been keen to participate in crypto asset development in Hong Kong.</p><p>Hong Kong approved its first ETFs for cryptocurrency futures in late 2022. The largest one - the CSOP Bitcoin Futures ETF</p><p>- has seen its assets under management swell seven times since September to around $120 million.</p><p>Hong Kong-based Value Partners has also said it is exploring launching a spot bitcoin ETF. It has not disclosed if it has submitted an application.</p><p>($1 = 7.2305 yuan)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc","COIN":"Coinbase Global, Inc.","MSTR":"MicroStrategy Incorporated"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2426557814","content_text":"HONG KONG, April 10 (Reuters) - Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.That timeline would make Hong Kong Asia's first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year.Regulators have sped up the approval process, according to one of the people.Having lost much of its shine as a global financial hub due to restrictions during the pandemic, China's faltering economy and Sino-U.S. tensions, Hong Kong authorities have been keen to do what they can to improve the city's attractiveness for financial trading.\"The significance of Hong Kong ETFs is far-reaching as it could bring in fresh global investment as well as pushing crypto adoption to a new height,\" said Adrian Wang, CEO of Metalpha, a Hong Kong-based crypto wealth manager.The U.S. launched the first U.S.-listed exchange-traded funds (ETFs) to track spot bitcoin in January, drawing roughly $12 billion in net inflows, data from BitMEX Research shows.Bitcoin has gained more than 60% this year and hit an all-time high of $73,803 in March. It was trading at around $69,000 on Wednesday.At least four mainland Chinese and Hong Kong asset managers have submitted applications to launch the ETFs, the two sources said.The Hong Kong units of China Asset Management, Harvest Fund Management and Bosera Asset Management are among the applicants, according to the two people and a third source.The sources were not authorised to speak to media and declined to be identified.Hong Kong's Securities and Futures Commission $(SFC.AU)$ and the three Chinese companies declined to comment.China Asset Management and Harvest Fund Management's Hong Kong units obtained approval this month to manage portfolios that invest more than 10% in virtual assets, according to the SFC's website.Their parent companies are among the biggest mutual fund firms in China, with each managing over 1 trillion yuan ($138 billion) in assets.Although cryptocurrency trading is banned in mainland China, offshore Chinese financial institutions have been keen to participate in crypto asset development in Hong Kong.Hong Kong approved its first ETFs for cryptocurrency futures in late 2022. The largest one - the CSOP Bitcoin Futures ETF- has seen its assets under management swell seven times since September to around $120 million.Hong Kong-based Value Partners has also said it is exploring launching a spot bitcoin ETF. It has not disclosed if it has submitted an application.($1 = 7.2305 yuan)","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293428309512464,"gmtCreate":1712657377711,"gmtModify":1712658252590,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Human stupidity is infinite.&nbsp; Everyone said the internet was a fad and would be gone in 3 months.&nbsp; Never a shortage of morons.&nbsp; At $14k, they said it's a scam.&nbsp; At $74k, still saying it's a scam.&nbsp; When it hits $1 million, they will still say its a scam.&nbsp; Wishful thinking.","listText":"Human stupidity is infinite.&nbsp; Everyone said the internet was a fad and would be gone in 3 months.&nbsp; Never a shortage of morons.&nbsp; At $14k, they said it's a scam.&nbsp; At $74k, still saying it's a scam.&nbsp; When it hits $1 million, they will still say its a scam.&nbsp; Wishful thinking.","text":"Human stupidity is infinite. Everyone said the internet was a fad and would be gone in 3 months. Never a shortage of morons. At $14k, they said it's a scam. At $74k, still saying it's a scam. When it hits $1 million, they will still say its a scam. Wishful thinking.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293428309512464","repostId":"1148195139","repostType":4,"repost":{"id":"1148195139","pubTimestamp":1712651543,"share":"https://www.laohu8.com/m/news/1148195139?lang=&edition=full","pubTime":"2024-04-09 16:32","market":"us","language":"en","title":"Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank","url":"https://stock-news.laohu8.com/highlight/detail?id=1148195139","media":"Bloomberg","summary":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third expectin","content":"<html><head></head><body><ul style=\"\"><li><p>Consumers were split over the digital asset’s staying power</p></li><li><p>Significant proportion said the token may disappear entirely</p></li></ul><p>Consumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.</p><p>That would slice approximately $50,000 off the token’s current price and take it back to levels last seen during a deep bear market in 2022. Just 10% of over 3,600 people surveyed saw Bitcoin above $75,000 by the end of December.</p><p>Some 40% of respondents were confident about Bitcoin thriving over the next few years but 38% expected it to disappear. At the same time, less than 1% considered crypto a fad, the survey conducted over March showed.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b5c577847f11f04cdc3a79c4381ca00b\" alt=\"Source: Deutsche Bank survey of consumers.\" title=\"Source: Deutsche Bank survey of consumers.\" tg-width=\"381\" tg-height=\"372\"/><span>Source: Deutsche Bank survey of consumers.</span></p><p>The original cryptocurrency traded 1.4% lower at about $70,700 as of 7:50 a.m. Tuesday in London. It achieved an all-time peak of $73,798 in mid-March. Bitcoin’s 67% rise this year tops traditional assets like global stocks and gold.</p><p>A flood of inflows into three-month-old US spot-Bitcoin exchange-traded funds lifted the token and led supporters to argue that crypto demand will widen. Detractors say Bitcoin has no intrinsic value and is purely a speculative playground storing up an inevitable reckoning.</p><p>Bitcoin this month will undergo the so-called halving, a four-yearly event that slashes new supply of the token. Some view that as a bullish tailwind.</p><p>“You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving,” Victoria Bills, chief investment strategist at Banrion Capital, said on Bloomberg Radio.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-09 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTBT":"Bit Digital, Inc.","MARA":"Marathon Digital Holdings Inc","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148195139","content_text":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.That would slice approximately $50,000 off the token’s current price and take it back to levels last seen during a deep bear market in 2022. Just 10% of over 3,600 people surveyed saw Bitcoin above $75,000 by the end of December.Some 40% of respondents were confident about Bitcoin thriving over the next few years but 38% expected it to disappear. At the same time, less than 1% considered crypto a fad, the survey conducted over March showed.Source: Deutsche Bank survey of consumers.The original cryptocurrency traded 1.4% lower at about $70,700 as of 7:50 a.m. Tuesday in London. It achieved an all-time peak of $73,798 in mid-March. Bitcoin’s 67% rise this year tops traditional assets like global stocks and gold.A flood of inflows into three-month-old US spot-Bitcoin exchange-traded funds lifted the token and led supporters to argue that crypto demand will widen. Detractors say Bitcoin has no intrinsic value and is purely a speculative playground storing up an inevitable reckoning.Bitcoin this month will undergo the so-called halving, a four-yearly event that slashes new supply of the token. Some view that as a bullish tailwind.“You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving,” Victoria Bills, chief investment strategist at Banrion Capital, said on Bloomberg Radio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291882035069176,"gmtCreate":1712286281988,"gmtModify":1712286287544,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"What about China?&nbsp; China should get in on this too.","listText":"What about China?&nbsp; China should get in on this too.","text":"What about China? China should get in on this too.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291882035069176","repostId":"1185805682","repostType":2,"repost":{"id":"1185805682","pubTimestamp":1712286000,"share":"https://www.laohu8.com/m/news/1185805682?lang=&edition=full","pubTime":"2024-04-05 11:00","market":"us","language":"en","title":"Indonesia Says Nvidia, Indosat to Jointly Build $200 Million AI Center","url":"https://stock-news.laohu8.com/highlight/detail?id=1185805682","media":"Bloomberg","summary":"Nvidia Corp. and Indonesian telecommunications firm PT Indosat Tbk. are planning to jointly build a $200 million artificial intelligence center in the country, according to a government official.The two firms will build the facility in Surakarta, a city in the Central Java province, Information and Communication Technology Minister Budi Arie Setiadi said in a statement dated April 3.","content":"<html><head></head><body><p>Nvidia Corp. and Indonesian telecommunications firm PT Indosat Tbk. are planning to jointly build a $200 million artificial intelligence center in the country, according to a government official.</p><p style=\"text-align: start;\">The two firms will build the facility in Surakarta, a city in the Central Java province, Information and Communication Technology Minister Budi Arie Setiadi said in a statement dated April 3.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indonesia Says Nvidia, Indosat to Jointly Build $200 Million AI Center</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndonesia Says Nvidia, Indosat to Jointly Build $200 Million AI Center\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-05 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-05/indonesia-says-nvidia-indosat-to-jointly-build-200m-ai-center?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corp. and Indonesian telecommunications firm PT Indosat Tbk. are planning to jointly build a $200 million artificial intelligence center in the country, according to a government official.The ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-05/indonesia-says-nvidia-indosat-to-jointly-build-200m-ai-center?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.bloomberg.com/news/articles/2024-04-05/indonesia-says-nvidia-indosat-to-jointly-build-200m-ai-center?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185805682","content_text":"Nvidia Corp. and Indonesian telecommunications firm PT Indosat Tbk. are planning to jointly build a $200 million artificial intelligence center in the country, according to a government official.The two firms will build the facility in Surakarta, a city in the Central Java province, Information and Communication Technology Minister Budi Arie Setiadi said in a statement dated April 3.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291532934914184,"gmtCreate":1712201052091,"gmtModify":1712201057170,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Good opportunity for China to buy Intel at a cheaper price!","listText":"Good opportunity for China to buy Intel at a cheaper price!","text":"Good opportunity for China to buy Intel at a cheaper price!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291532934914184","repostId":"1106098545","repostType":4,"repost":{"id":"1106098545","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1712151293,"share":"https://www.laohu8.com/m/news/1106098545?lang=&edition=full","pubTime":"2024-04-03 21:34","market":"us","language":"en","title":"Intel Stock Falls over 6% After Disclosing $7 Bln Operating Loss for Chip-Making Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=1106098545","media":"Tiger Newspress","summary":"Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufact","content":"<html><head></head><body><p>Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing.</p><p>Intel shares were down 6.43% in morning trading on Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/008a3135609d873917e91dffeeebb0c7\" tg-width=\"786\" tg-height=\"624\"/></p><p>Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $63.05 billion the year before.</p><p>During a presentation for investors, Chief Executive Pat Gelsinger said that 2024 would be the year of worst operating losses for the company&#39;s chipmaking business and that it expects to break even on an operating basis by about 2027.</p><p>Gelsinger said the foundry business was weighed down by bad decisions, including one years ago against using extreme ultraviolet (EUV) machines from Dutch firm ASML. While those machines can cost more than $150 million, they are more cost-effective than earlier chip making tools.</p><p>Partially as a result of the missteps, Intel has outsourced about 30% of the total number of wafers to external contract manufacturers such as TSMC, Gelsinger said. It aims to bring that number down to roughly 20%.</p><p>Intel has now switched over to using EUV tools, which will cover more and more production needs as older machines are phased out.</p><p>&#34;In the post EUV era, we see that we&#39;re very competitive now on price, performance (and) back to leadership,&#34; Gelsinger said. &#34;And in the pre-EUV era we carried a lot of costs and (were) uncompetitive.&#34;</p><p>Intel plans to spend $100 billion on building or expanding chip factories in four U.S. states. Its business turnaround plan depends on persuading outside companies to use its manufacturing services.</p><p>As part of that plan, Intel told investors it would start reporting the results of its manufacturing operations as a standalone unit. The company has been investing heavily to catch up to its primary chipmaking rivals, TSMC and Samsung Electronics Co Ltd.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Stock Falls over 6% After Disclosing $7 Bln Operating Loss for Chip-Making Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Stock Falls over 6% After Disclosing $7 Bln Operating Loss for Chip-Making Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-04-03 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing.</p><p>Intel shares were down 6.43% in morning trading on Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/008a3135609d873917e91dffeeebb0c7\" tg-width=\"786\" tg-height=\"624\"/></p><p>Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $63.05 billion the year before.</p><p>During a presentation for investors, Chief Executive Pat Gelsinger said that 2024 would be the year of worst operating losses for the company&#39;s chipmaking business and that it expects to break even on an operating basis by about 2027.</p><p>Gelsinger said the foundry business was weighed down by bad decisions, including one years ago against using extreme ultraviolet (EUV) machines from Dutch firm ASML. While those machines can cost more than $150 million, they are more cost-effective than earlier chip making tools.</p><p>Partially as a result of the missteps, Intel has outsourced about 30% of the total number of wafers to external contract manufacturers such as TSMC, Gelsinger said. It aims to bring that number down to roughly 20%.</p><p>Intel has now switched over to using EUV tools, which will cover more and more production needs as older machines are phased out.</p><p>&#34;In the post EUV era, we see that we&#39;re very competitive now on price, performance (and) back to leadership,&#34; Gelsinger said. &#34;And in the pre-EUV era we carried a lot of costs and (were) uncompetitive.&#34;</p><p>Intel plans to spend $100 billion on building or expanding chip factories in four U.S. states. Its business turnaround plan depends on persuading outside companies to use its manufacturing services.</p><p>As part of that plan, Intel told investors it would start reporting the results of its manufacturing operations as a standalone unit. The company has been investing heavily to catch up to its primary chipmaking rivals, TSMC and Samsung Electronics Co Ltd.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106098545","content_text":"Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing.Intel shares were down 6.43% in morning trading on Wednesday.Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $63.05 billion the year before.During a presentation for investors, Chief Executive Pat Gelsinger said that 2024 would be the year of worst operating losses for the company's chipmaking business and that it expects to break even on an operating basis by about 2027.Gelsinger said the foundry business was weighed down by bad decisions, including one years ago against using extreme ultraviolet (EUV) machines from Dutch firm ASML. While those machines can cost more than $150 million, they are more cost-effective than earlier chip making tools.Partially as a result of the missteps, Intel has outsourced about 30% of the total number of wafers to external contract manufacturers such as TSMC, Gelsinger said. It aims to bring that number down to roughly 20%.Intel has now switched over to using EUV tools, which will cover more and more production needs as older machines are phased out.\"In the post EUV era, we see that we're very competitive now on price, performance (and) back to leadership,\" Gelsinger said. \"And in the pre-EUV era we carried a lot of costs and (were) uncompetitive.\"Intel plans to spend $100 billion on building or expanding chip factories in four U.S. states. Its business turnaround plan depends on persuading outside companies to use its manufacturing services.As part of that plan, Intel told investors it would start reporting the results of its manufacturing operations as a standalone unit. The company has been investing heavily to catch up to its primary chipmaking rivals, TSMC and Samsung Electronics Co Ltd.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291144500809768,"gmtCreate":1712106114379,"gmtModify":1712109168630,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Well done. Now we got some 2x ETFs. How about a 3x leveraged bitcoin ETF?","listText":"Well done. Now we got some 2x ETFs. How about a 3x leveraged bitcoin ETF?","text":"Well done. Now we got some 2x ETFs. How about a 3x leveraged bitcoin ETF?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291144500809768","repostId":"1153689929","repostType":4,"repost":{"id":"1153689929","pubTimestamp":1712100600,"share":"https://www.laohu8.com/m/news/1153689929?lang=&edition=full","pubTime":"2024-04-03 07:30","market":"us","language":"en","title":"Wall Street Seizes Bitcoin Volatility With Leveraged, Short ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1153689929","media":"Bloomberg","summary":"ProShares’ BITU and SBIT track twice Bitcoin’s performanceLaunch underscores demand for crypto exposure for investorsThe frenzy surrounding the launch of spot Bitcoin exchange-traded funds has yet to ","content":"<html><head></head><body><ul style=\"\"><li><p>ProShares’ BITU and SBIT track twice Bitcoin’s performance</p></li><li><p>Launch underscores demand for crypto exposure for investors</p></li></ul><p>The frenzy surrounding the launch of spot Bitcoin exchange-traded funds has yet to lose steam as Wall Street’s latest entrant offers supercharged versions of such products.</p><p style=\"text-align: start;\">ProShares on Tuesday launched ProShares Ultra Bitcoin ETF (ticker BITU), which tracks two times the daily performance of Bitcoin via the Bloomberg Bitcoin Index, and ProShares UltraShort Bitcoin ETF (SBIT), which tracks the inverse of that, according to a release. Each has an expense ratio of 95 basis points.</p><p style=\"text-align: start;\">The twin launch comes after the successful debut of nearly a dozen Bitcoin ETFs directly investing in the token itself in January has hauled in $12 billion of net inflows and nearly $60 billion in assets. What makes the two new ProShares’ ETFs stand out is that they offer magnified returns on spot Bitcoin and not the futures market.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2b98a844beea3bf070cd630b6a85f46e\" tg-width=\"933\" tg-height=\"584\"/></p><p>The stellar inflows highlight the seemingly insatiable appetite for spot Bitcoin ETFs and underscores the growing popularity of ETFs as vehicle for frictionless trading. More are coming such as the newly converted Hashdex Bitcoin ETF (DEFI) and, if approved, Grayscale Bitcoin Mini Trust.</p><p>“It demonstrates how ETF managers can be an opportunistic bunch by trying to leverage off the positive sentiment as much as possible,” said Michael O’Riordan, founding partner of Blackwater, an ETF consulting firm.</p><p style=\"text-align: start;\">New products are flooding the market after regulators green-lit the launch of spot Bitcoin ETFs, kicking the door open for investors to sink capital. Such funds spotlight the growing demand for crypto exposure for investors of all stripes who seek to channel fresh investment on whichever direction they think Bitcoin will go next.</p><p style=\"text-align: start;\">To Matt Maley, chief market strategist at Miller Tabak + Co, while the launch of leveraged ETFs was just a “matter of time,” they could be a double-edged sword.</p><p style=\"text-align: start;\">“On the negative side, it will likely lead to an increase in speculation in an asset class that is already volatile. However, they will also help investors hedge their positions. So, that could offset some of that speculation,” he said. “Overall, it should continue to draw more investors into this asset class.”</p><p style=\"text-align: start;\">Bitcoin’s volatile price movements explain the growing demand for investment vehicles that offer leveraged and short exposure to Bitcoin. While the coin has shed about 10% since hitting a peak in mid-March, it’s still up 54% since the start of the year. This year marks a comeback from the dark days of 2022 when multiple prominent firms spectacularly collapsed, pushing the coin lower by 64% to its second-worst annual performance on record.</p><p>Take the $1.5 billion VolatilityShares’ 2x Bitcoin Strategy ETF (BITX). The fund, which offered double the performance of the S&amp;P CME Bitcoin Futures Daily Roll index each day, has attracted inflows every month since its launch in June, raking in $885 million last month alone.</p><p style=\"text-align: start;\">For Michael Sapir, ProShares chief executive officer, his leveraged BITU fund offers investors the opportunity to pursue “magnified Bitcoin returns or target a level of exposure with less money at risk.” On the flip side, the UltraShort fund, SBIT, “allows investors to seek to profit when the price of Bitcoin drops or hedge their Bitcoin exposure,” he said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Seizes Bitcoin Volatility With Leveraged, Short ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Seizes Bitcoin Volatility With Leveraged, Short ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-03 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-02/wall-street-seizes-bitcoin-volatility-with-leveraged-short-etfs><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ProShares’ BITU and SBIT track twice Bitcoin’s performanceLaunch underscores demand for crypto exposure for investorsThe frenzy surrounding the launch of spot Bitcoin exchange-traded funds has yet to ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-02/wall-street-seizes-bitcoin-volatility-with-leveraged-short-etfs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBIT":"ProShares Ultra Short Bitcoin ETF","BITX":"2X BITCOIN STRATEGY ETF","BITU":"ProShares Ultra Bitcoin ETF"},"source_url":"https://www.bloomberg.com/news/articles/2024-04-02/wall-street-seizes-bitcoin-volatility-with-leveraged-short-etfs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153689929","content_text":"ProShares’ BITU and SBIT track twice Bitcoin’s performanceLaunch underscores demand for crypto exposure for investorsThe frenzy surrounding the launch of spot Bitcoin exchange-traded funds has yet to lose steam as Wall Street’s latest entrant offers supercharged versions of such products.ProShares on Tuesday launched ProShares Ultra Bitcoin ETF (ticker BITU), which tracks two times the daily performance of Bitcoin via the Bloomberg Bitcoin Index, and ProShares UltraShort Bitcoin ETF (SBIT), which tracks the inverse of that, according to a release. Each has an expense ratio of 95 basis points.The twin launch comes after the successful debut of nearly a dozen Bitcoin ETFs directly investing in the token itself in January has hauled in $12 billion of net inflows and nearly $60 billion in assets. What makes the two new ProShares’ ETFs stand out is that they offer magnified returns on spot Bitcoin and not the futures market.The stellar inflows highlight the seemingly insatiable appetite for spot Bitcoin ETFs and underscores the growing popularity of ETFs as vehicle for frictionless trading. More are coming such as the newly converted Hashdex Bitcoin ETF (DEFI) and, if approved, Grayscale Bitcoin Mini Trust.“It demonstrates how ETF managers can be an opportunistic bunch by trying to leverage off the positive sentiment as much as possible,” said Michael O’Riordan, founding partner of Blackwater, an ETF consulting firm.New products are flooding the market after regulators green-lit the launch of spot Bitcoin ETFs, kicking the door open for investors to sink capital. Such funds spotlight the growing demand for crypto exposure for investors of all stripes who seek to channel fresh investment on whichever direction they think Bitcoin will go next.To Matt Maley, chief market strategist at Miller Tabak + Co, while the launch of leveraged ETFs was just a “matter of time,” they could be a double-edged sword.“On the negative side, it will likely lead to an increase in speculation in an asset class that is already volatile. However, they will also help investors hedge their positions. So, that could offset some of that speculation,” he said. “Overall, it should continue to draw more investors into this asset class.”Bitcoin’s volatile price movements explain the growing demand for investment vehicles that offer leveraged and short exposure to Bitcoin. While the coin has shed about 10% since hitting a peak in mid-March, it’s still up 54% since the start of the year. This year marks a comeback from the dark days of 2022 when multiple prominent firms spectacularly collapsed, pushing the coin lower by 64% to its second-worst annual performance on record.Take the $1.5 billion VolatilityShares’ 2x Bitcoin Strategy ETF (BITX). The fund, which offered double the performance of the S&P CME Bitcoin Futures Daily Roll index each day, has attracted inflows every month since its launch in June, raking in $885 million last month alone.For Michael Sapir, ProShares chief executive officer, his leveraged BITU fund offers investors the opportunity to pursue “magnified Bitcoin returns or target a level of exposure with less money at risk.” On the flip side, the UltraShort fund, SBIT, “allows investors to seek to profit when the price of Bitcoin drops or hedge their Bitcoin exposure,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":290942579171632,"gmtCreate":1712056916831,"gmtModify":1712063356795,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"What a fool","listText":"What a fool","text":"What a fool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/290942579171632","repostId":"2424933450","repostType":2,"repost":{"id":"2424933450","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1712050757,"share":"https://www.laohu8.com/m/news/2424933450?lang=&edition=full","pubTime":"2024-04-02 17:39","market":"hk","language":"en","title":"Bitcoin Is Soaring This Year. Goldman's Crypto Skeptic Isn't Biting","url":"https://stock-news.laohu8.com/highlight/detail?id=2424933450","media":"Dow Jones","summary":"By Gregory Zuckerman | Photographs by Justin J Wee for The Wall Street Journal. A crypto enthusiast approached Sharmin Mossavar-Rahmani a couple of years ago, asking why she was so negative about digital currencies.Mossavar-Rahmani was accustomed to defending her stance. As the chief investment officer of Goldman Sachs Wealth Management for the past 23 years, she has guided thousands of wealth advisers, clients and traders and regularly appears on television.This time, she was being questioned by a Goldman Sachs intern who said she owned cryptocurrencies. Mossavar-Rahmani dismissed investing in crypto as nothing more than a means of speculation.So it goes for Mossavar-Rahmani, a high-profile market prognosticator who has gotten a lot right over the past few years. Since the 2008 global financial crisis, she has urged clients to stay fully invested in U.S. stocks and minimize their exposure to China and other emerging-market countries, advice that has made investors money amid the marke","content":"<html><head></head><body><p>A crypto enthusiast approached Sharmin Mossavar-Rahmani a couple of years ago, asking why she was so negative about digital currencies.</p><p>Mossavar-Rahmani was accustomed to defending her stance. As the chief investment officer of Goldman Sachs Wealth Management for the past 23 years, she has guided thousands of wealth advisers, clients and traders and regularly appears on television.</p><p>This time, she was being questioned by a Goldman Sachs intern who said she owned cryptocurrencies. Mossavar-Rahmani dismissed investing in crypto as nothing more than a means of speculation.</p><p>&#34;Have you thought about what it&#39;s worth?&#34; Mossavar-Rahmani recalled asking in that summer of 2022. &#34;Have you thought about at what point you&#39;ll get out?&#34;</p><p>The intern didn&#39;t give much of an answer. She also didn&#39;t seem eager to sell her crypto.</p><p>So it goes for Mossavar-Rahmani, a high-profile market prognosticator who has gotten a lot right over the past few years. Since the 2008 global financial crisis, she has urged clients to stay fully invested in U.S. stocks and minimize their exposure to China and other emerging-market countries, advice that has made investors money amid the market&#39;s climb since that perilous period.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/abf43abc5bab8ddce422be3a4921e93b\" tg-width=\"339\" tg-height=\"417\"/></p><p>When it comes to crypto, Mossavar-Rahmani remains skeptical, even as bitcoin has soared 64% this year to nearly $70,000. Her position puts her at risk of costing Goldman clients potential gains while appearing out of step with markets. Wall Street giants including BlackRock and Fidelity have embraced bitcoin, launching funds in January that make it easy for everyday investors to invest in it.</p><p>Some financial advisers have also begun advising clients to include crypto in their portfolios.</p><p>Mossavar-Rahmani couldn&#39;t care less what the others do.</p><p>&#34;We do not think it is an investment asset class,&#34; she said in an interview, comparing the recent crypto enthusiasm to the tulip mania of the 1600s. &#34;We&#39;re not believers in crypto.&#34;</p><p>She says clients are well aware of her team&#39;s crypto criticisms and haven&#39;t asked about jumping in.</p><p>Mossavar-Rahmani&#39;s view is based on the fact that it is nearly impossible to accurately value cryptocurrencies, which don&#39;t produce earnings, cash flow or dividends.</p><p>&#34;If you cannot assign a value, then how can you be bullish or bearish?&#34; she asks, rhetorically.</p><p>Mossavar-Rahmani&#39;s personal background also influences her perspective. The daughter of an Iranian diplomat, she completed her high-school education in Iran before leaving for the West in 1976, two years before the country&#39;s revolution began. She attended Princeton University, majoring in economics and graduating in 1980.</p><p>As an immigrant, she says she has a unique appreciation for democracy and the rule of law. Some have turned to crypto, at least in part, because they view central banks and the government as flawed. They say those institutions have made costly mistakes, such as keeping monetary policy loose ahead of the 2008 financial crisis, raising questions about the dollar and other fiat currencies.</p><p>By contrast, Mossavar-Rahmani thinks U.S. government policymakers play beneficial roles in society, despite their miscues. Another reason she cites for steering clear of cryptocurrencies: the crimes they facilitate.</p><p>&#34;The rule of law and systems of checks and balances matter,&#34; she says.</p><p>Mossavar-Rahmani joined Goldman in 1993, becoming the first woman to join as a partner. Hired by Jon Corzine, the former New Jersey governor who at the time was a Goldman senior executive, she is the firm&#39;s second-longest tenured partner.</p><p>Around the office, she is known for sharing blunt opinions.</p><p>&#34;She has no filter, she tells you exactly what she&#39;s thinking,&#34; says Michael Swell, a former Goldman partner and fixed-income executive who worked closely with her. &#34;When Sharmin speaks, people listen.&#34;</p><p>In June 2021, Mossavar-Rahmani and her colleagues published a critique of crypto titled, &#34;Digital Assets: Beauty is Not in the Eye of the Beholder.&#34; The 50-page piece argued that bitcoin is too volatile to be a reliable medium of exchange and that it is &#34;unlikely that it will be used broadly.&#34;</p><p>The observations have held up -- but bitcoin&#39;s price has more than doubled since then.</p><p>Mossavar-Rahmani says she isn&#39;t feeling pressure to alter her views. In fact, she is as skeptical as ever on bitcoin, which she says &#34;creates absolutely no value in any shape or form.&#34;</p><p>What&#39;s more, she says crypto bulls &#34;all proclaim democratization of finance, yet the main decisions end up being driven by a few controlling people.&#34;</p><p>Plenty of people disagree with her conclusions. Matt Hougan, chief investment officer of crypto asset manager Bitwise, argues that just because an investment doesn&#39;t have cash flow, doesn&#39;t mean it doesn&#39;t have value.</p><p>&#34;Bitcoin had no cash flow 10 years ago and yet it&#39;s up 15,000%,&#34; Hougan says, adding that it has done well in periods of high and low inflation, as well as rising and falling interest rates. &#34;The world is full of things that produce no cash flow but have value,&#34; he says, pointing to gold, art and collectibles.</p><p>Bitcoin also offers a service, Hougan says: &#34;The ability to securely store wealth without relying on a centralized institution.&#34;</p><p>Mossavar-Rahmani and her colleagues acknowledge the potential benefits of converting assets like real estate into digital tokens, and say central-bank digital currencies could eventually be useful. Mossavar-Rahmani acknowledges that gold, too, doesn&#39;t produce earnings and is hard to value, yet has been historically popular as an investment and for jewelry. That isn&#39;t enough of a reason to own crypto, though, she says.</p><p>&#34;At least you can hold onto physical gold and store it; you can&#39;t do that with crypto,&#34; she says. &#34;And anyway, we don&#39;t encourage people to own gold.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Soaring This Year. Goldman's Crypto Skeptic Isn't Biting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Soaring This Year. Goldman's Crypto Skeptic Isn't Biting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-02 17:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A crypto enthusiast approached Sharmin Mossavar-Rahmani a couple of years ago, asking why she was so negative about digital currencies.</p><p>Mossavar-Rahmani was accustomed to defending her stance. As the chief investment officer of Goldman Sachs Wealth Management for the past 23 years, she has guided thousands of wealth advisers, clients and traders and regularly appears on television.</p><p>This time, she was being questioned by a Goldman Sachs intern who said she owned cryptocurrencies. Mossavar-Rahmani dismissed investing in crypto as nothing more than a means of speculation.</p><p>&#34;Have you thought about what it&#39;s worth?&#34; Mossavar-Rahmani recalled asking in that summer of 2022. &#34;Have you thought about at what point you&#39;ll get out?&#34;</p><p>The intern didn&#39;t give much of an answer. She also didn&#39;t seem eager to sell her crypto.</p><p>So it goes for Mossavar-Rahmani, a high-profile market prognosticator who has gotten a lot right over the past few years. Since the 2008 global financial crisis, she has urged clients to stay fully invested in U.S. stocks and minimize their exposure to China and other emerging-market countries, advice that has made investors money amid the market&#39;s climb since that perilous period.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/abf43abc5bab8ddce422be3a4921e93b\" tg-width=\"339\" tg-height=\"417\"/></p><p>When it comes to crypto, Mossavar-Rahmani remains skeptical, even as bitcoin has soared 64% this year to nearly $70,000. Her position puts her at risk of costing Goldman clients potential gains while appearing out of step with markets. Wall Street giants including BlackRock and Fidelity have embraced bitcoin, launching funds in January that make it easy for everyday investors to invest in it.</p><p>Some financial advisers have also begun advising clients to include crypto in their portfolios.</p><p>Mossavar-Rahmani couldn&#39;t care less what the others do.</p><p>&#34;We do not think it is an investment asset class,&#34; she said in an interview, comparing the recent crypto enthusiasm to the tulip mania of the 1600s. &#34;We&#39;re not believers in crypto.&#34;</p><p>She says clients are well aware of her team&#39;s crypto criticisms and haven&#39;t asked about jumping in.</p><p>Mossavar-Rahmani&#39;s view is based on the fact that it is nearly impossible to accurately value cryptocurrencies, which don&#39;t produce earnings, cash flow or dividends.</p><p>&#34;If you cannot assign a value, then how can you be bullish or bearish?&#34; she asks, rhetorically.</p><p>Mossavar-Rahmani&#39;s personal background also influences her perspective. The daughter of an Iranian diplomat, she completed her high-school education in Iran before leaving for the West in 1976, two years before the country&#39;s revolution began. She attended Princeton University, majoring in economics and graduating in 1980.</p><p>As an immigrant, she says she has a unique appreciation for democracy and the rule of law. Some have turned to crypto, at least in part, because they view central banks and the government as flawed. They say those institutions have made costly mistakes, such as keeping monetary policy loose ahead of the 2008 financial crisis, raising questions about the dollar and other fiat currencies.</p><p>By contrast, Mossavar-Rahmani thinks U.S. government policymakers play beneficial roles in society, despite their miscues. Another reason she cites for steering clear of cryptocurrencies: the crimes they facilitate.</p><p>&#34;The rule of law and systems of checks and balances matter,&#34; she says.</p><p>Mossavar-Rahmani joined Goldman in 1993, becoming the first woman to join as a partner. Hired by Jon Corzine, the former New Jersey governor who at the time was a Goldman senior executive, she is the firm&#39;s second-longest tenured partner.</p><p>Around the office, she is known for sharing blunt opinions.</p><p>&#34;She has no filter, she tells you exactly what she&#39;s thinking,&#34; says Michael Swell, a former Goldman partner and fixed-income executive who worked closely with her. &#34;When Sharmin speaks, people listen.&#34;</p><p>In June 2021, Mossavar-Rahmani and her colleagues published a critique of crypto titled, &#34;Digital Assets: Beauty is Not in the Eye of the Beholder.&#34; The 50-page piece argued that bitcoin is too volatile to be a reliable medium of exchange and that it is &#34;unlikely that it will be used broadly.&#34;</p><p>The observations have held up -- but bitcoin&#39;s price has more than doubled since then.</p><p>Mossavar-Rahmani says she isn&#39;t feeling pressure to alter her views. In fact, she is as skeptical as ever on bitcoin, which she says &#34;creates absolutely no value in any shape or form.&#34;</p><p>What&#39;s more, she says crypto bulls &#34;all proclaim democratization of finance, yet the main decisions end up being driven by a few controlling people.&#34;</p><p>Plenty of people disagree with her conclusions. Matt Hougan, chief investment officer of crypto asset manager Bitwise, argues that just because an investment doesn&#39;t have cash flow, doesn&#39;t mean it doesn&#39;t have value.</p><p>&#34;Bitcoin had no cash flow 10 years ago and yet it&#39;s up 15,000%,&#34; Hougan says, adding that it has done well in periods of high and low inflation, as well as rising and falling interest rates. &#34;The world is full of things that produce no cash flow but have value,&#34; he says, pointing to gold, art and collectibles.</p><p>Bitcoin also offers a service, Hougan says: &#34;The ability to securely store wealth without relying on a centralized institution.&#34;</p><p>Mossavar-Rahmani and her colleagues acknowledge the potential benefits of converting assets like real estate into digital tokens, and say central-bank digital currencies could eventually be useful. Mossavar-Rahmani acknowledges that gold, too, doesn&#39;t produce earnings and is hard to value, yet has been historically popular as an investment and for jewelry. That isn&#39;t enough of a reason to own crypto, though, she says.</p><p>&#34;At least you can hold onto physical gold and store it; you can&#39;t do that with crypto,&#34; she says. &#34;And anyway, we don&#39;t encourage people to own gold.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4504":"桥水持仓","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4588":"碎股","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4552":"Archegos爆仓风波概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","MARA":"Marathon Digital Holdings Inc","MSTR":"MicroStrategy Incorporated","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4127":"投资银行业与经纪业","BK4585":"ETF&股票定投概念","LU0106831901.USD":"贝莱德世界金融基金A2"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424933450","content_text":"A crypto enthusiast approached Sharmin Mossavar-Rahmani a couple of years ago, asking why she was so negative about digital currencies.Mossavar-Rahmani was accustomed to defending her stance. As the chief investment officer of Goldman Sachs Wealth Management for the past 23 years, she has guided thousands of wealth advisers, clients and traders and regularly appears on television.This time, she was being questioned by a Goldman Sachs intern who said she owned cryptocurrencies. Mossavar-Rahmani dismissed investing in crypto as nothing more than a means of speculation.\"Have you thought about what it's worth?\" Mossavar-Rahmani recalled asking in that summer of 2022. \"Have you thought about at what point you'll get out?\"The intern didn't give much of an answer. She also didn't seem eager to sell her crypto.So it goes for Mossavar-Rahmani, a high-profile market prognosticator who has gotten a lot right over the past few years. Since the 2008 global financial crisis, she has urged clients to stay fully invested in U.S. stocks and minimize their exposure to China and other emerging-market countries, advice that has made investors money amid the market's climb since that perilous period.When it comes to crypto, Mossavar-Rahmani remains skeptical, even as bitcoin has soared 64% this year to nearly $70,000. Her position puts her at risk of costing Goldman clients potential gains while appearing out of step with markets. Wall Street giants including BlackRock and Fidelity have embraced bitcoin, launching funds in January that make it easy for everyday investors to invest in it.Some financial advisers have also begun advising clients to include crypto in their portfolios.Mossavar-Rahmani couldn't care less what the others do.\"We do not think it is an investment asset class,\" she said in an interview, comparing the recent crypto enthusiasm to the tulip mania of the 1600s. \"We're not believers in crypto.\"She says clients are well aware of her team's crypto criticisms and haven't asked about jumping in.Mossavar-Rahmani's view is based on the fact that it is nearly impossible to accurately value cryptocurrencies, which don't produce earnings, cash flow or dividends.\"If you cannot assign a value, then how can you be bullish or bearish?\" she asks, rhetorically.Mossavar-Rahmani's personal background also influences her perspective. The daughter of an Iranian diplomat, she completed her high-school education in Iran before leaving for the West in 1976, two years before the country's revolution began. She attended Princeton University, majoring in economics and graduating in 1980.As an immigrant, she says she has a unique appreciation for democracy and the rule of law. Some have turned to crypto, at least in part, because they view central banks and the government as flawed. They say those institutions have made costly mistakes, such as keeping monetary policy loose ahead of the 2008 financial crisis, raising questions about the dollar and other fiat currencies.By contrast, Mossavar-Rahmani thinks U.S. government policymakers play beneficial roles in society, despite their miscues. Another reason she cites for steering clear of cryptocurrencies: the crimes they facilitate.\"The rule of law and systems of checks and balances matter,\" she says.Mossavar-Rahmani joined Goldman in 1993, becoming the first woman to join as a partner. Hired by Jon Corzine, the former New Jersey governor who at the time was a Goldman senior executive, she is the firm's second-longest tenured partner.Around the office, she is known for sharing blunt opinions.\"She has no filter, she tells you exactly what she's thinking,\" says Michael Swell, a former Goldman partner and fixed-income executive who worked closely with her. \"When Sharmin speaks, people listen.\"In June 2021, Mossavar-Rahmani and her colleagues published a critique of crypto titled, \"Digital Assets: Beauty is Not in the Eye of the Beholder.\" The 50-page piece argued that bitcoin is too volatile to be a reliable medium of exchange and that it is \"unlikely that it will be used broadly.\"The observations have held up -- but bitcoin's price has more than doubled since then.Mossavar-Rahmani says she isn't feeling pressure to alter her views. In fact, she is as skeptical as ever on bitcoin, which she says \"creates absolutely no value in any shape or form.\"What's more, she says crypto bulls \"all proclaim democratization of finance, yet the main decisions end up being driven by a few controlling people.\"Plenty of people disagree with her conclusions. Matt Hougan, chief investment officer of crypto asset manager Bitwise, argues that just because an investment doesn't have cash flow, doesn't mean it doesn't have value.\"Bitcoin had no cash flow 10 years ago and yet it's up 15,000%,\" Hougan says, adding that it has done well in periods of high and low inflation, as well as rising and falling interest rates. \"The world is full of things that produce no cash flow but have value,\" he says, pointing to gold, art and collectibles.Bitcoin also offers a service, Hougan says: \"The ability to securely store wealth without relying on a centralized institution.\"Mossavar-Rahmani and her colleagues acknowledge the potential benefits of converting assets like real estate into digital tokens, and say central-bank digital currencies could eventually be useful. Mossavar-Rahmani acknowledges that gold, too, doesn't produce earnings and is hard to value, yet has been historically popular as an investment and for jewelry. That isn't enough of a reason to own crypto, though, she says.\"At least you can hold onto physical gold and store it; you can't do that with crypto,\" she says. \"And anyway, we don't encourage people to own gold.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":290162986741880,"gmtCreate":1711847117356,"gmtModify":1711847121609,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BITX\">$2X BITCOIN STRATEGY ETF(BITX)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/BITX\">$2X BITCOIN STRATEGY ETF(BITX)$ </a>&nbsp;","text":"$2X BITCOIN STRATEGY ETF(BITX)$","images":[{"img":"https://community-static.tradeup.com/news/ddf85e86554ced049eb67559e87a1806","width":"894","height":"1508"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/290162986741880","isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":287748217585912,"gmtCreate":1711273620018,"gmtModify":1711274891680,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Coinbase ATH was over $400.","listText":"Coinbase ATH was over $400.","text":"Coinbase ATH was over $400.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/287748217585912","repostId":"287590600224952","repostType":1,"repost":{"id":287590600224952,"gmtCreate":1711235219021,"gmtModify":1711578537342,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1},"themes":[],"title":"Why Coinbase is My Top Pick for Crypto stocks ","htmlText":"🌟🌟🌟Bitcoin has been on a wild roller coaster ride recently.&nbsp; It hit an all time high of more than USD 73,000 and just as suddenly it plunged below USD 63,000. On March 21 there was a net outflow of USD 94 million from the 10 Spot Bitcoins ETFs.&nbsp; This could be due to investors taking profits.&nbsp; &nbsp; BlackRock 's Spot Bitcoin ETF <a href=\"https://ttm.financial/S/IBIT\">$iShares Bitcoin Trust(IBIT)$ </a>&nbsp;was down 1.9% on Friday and in the past 5 days, it has dropped 6%.&nbsp; However IBIT is still up 36% year todate. <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> <v-v data-views=\"0\"></v-v> was down 2.4% on Friday and in the past 5 days, it was up 7%.&nbsp; Coinbase has had&nbsp;very good run this year with its share price up a huge 62% year","listText":"🌟🌟🌟Bitcoin has been on a wild roller coaster ride recently.&nbsp; It hit an all time high of more than USD 73,000 and just as suddenly it plunged below USD 63,000. On March 21 there was a net outflow of USD 94 million from the 10 Spot Bitcoins ETFs.&nbsp; This could be due to investors taking profits.&nbsp; &nbsp; BlackRock 's Spot Bitcoin ETF <a href=\"https://ttm.financial/S/IBIT\">$iShares Bitcoin Trust(IBIT)$ </a>&nbsp;was down 1.9% on Friday and in the past 5 days, it has dropped 6%.&nbsp; However IBIT is still up 36% year todate. <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> <v-v data-views=\"0\"></v-v> was down 2.4% on Friday and in the past 5 days, it was up 7%.&nbsp; Coinbase has had&nbsp;very good run this year with its share price up a huge 62% year","text":"🌟🌟🌟Bitcoin has been on a wild roller coaster ride recently. It hit an all time high of more than USD 73,000 and just as suddenly it plunged below USD 63,000. On March 21 there was a net outflow of USD 94 million from the 10 Spot Bitcoins ETFs. This could be due to investors taking profits. BlackRock 's Spot Bitcoin ETF $iShares Bitcoin Trust(IBIT)$ was down 1.9% on Friday and in the past 5 days, it has dropped 6%. However IBIT is still up 36% year todate. $Coinbase Global, Inc.(COIN)$ was down 2.4% on Friday and in the past 5 days, it was up 7%. Coinbase has had very good run this year with its share price up a huge 62% year","images":[{"img":"https://community-static.tradeup.com/news/a853c14ceb18982bc6e86a74802aed09","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/03972dd6a59be3c6f1f8d7263c78bfe5","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/f46ea75ced235e2acab05437a509b309","width":"1080","height":"2340"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/287590600224952","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":287464668868792,"gmtCreate":1711204474061,"gmtModify":1711204477731,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"My hobby is gaming.&nbsp; I spent $1500 on gaming desktop and $1400 on Huawei matepad pro.&nbsp; in the future I&nbsp; hope to buy gaming laptop or VR HEADSET.","listText":"My hobby is gaming.&nbsp; I spent $1500 on gaming desktop and $1400 on Huawei matepad pro.&nbsp; in the future I&nbsp; hope to buy gaming laptop or VR HEADSET.","text":"My hobby is gaming. I spent $1500 on gaming desktop and $1400 on Huawei matepad pro. in the future I hope to buy gaming laptop or VR HEADSET.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/287464668868792","isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":284658687955256,"gmtCreate":1710502938014,"gmtModify":1710512258214,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"What is the highest leverage bitcoin ETF?&nbsp; I already have BITX.&nbsp; ARE THERE any others?","listText":"What is the highest leverage bitcoin ETF?&nbsp; I already have BITX.&nbsp; ARE THERE any others?","text":"What is the highest leverage bitcoin ETF? I already have BITX. ARE THERE any others?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/284658687955256","isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":284489604272224,"gmtCreate":1710471396922,"gmtModify":1710471631824,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Buy coinbase now!&nbsp; 2024&nbsp; to 2025 is going to be the biggest bullrun in crypto history!! Also a good time to crypto Mining stocks Like hive.","listText":"Buy coinbase now!&nbsp; 2024&nbsp; to 2025 is going to be the biggest bullrun in crypto history!! Also a good time to crypto Mining stocks Like hive.","text":"Buy coinbase now! 2024 to 2025 is going to be the biggest bullrun in crypto history!! Also a good time to crypto Mining stocks Like hive.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284489604272224","isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":281250233205008,"gmtCreate":1709689182637,"gmtModify":1709689184527,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281250233205008","repostId":"1145772900","repostType":2,"repost":{"id":"1145772900","pubTimestamp":1709685000,"share":"https://www.laohu8.com/m/news/1145772900?lang=&edition=full","pubTime":"2024-03-06 08:30","language":"en","title":"Bitcoin Retreats After Record-Setting Run That Topped $69,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1145772900","media":"Bloomberg","summary":"Bitcoin earlier surged to record above $69,000 on ETF demandLargest digital asset scales all-time peak achieved in 2021Bitcoin surged to a record for the first time in more than two years, yet the ori","content":"<html><head></head><body><ul style=\"\"><li><p>Bitcoin earlier surged to record above $69,000 on ETF demand</p></li><li><p>Largest digital asset scales all-time peak achieved in 2021</p></li></ul><p>Bitcoin surged to a record for the first time in more than two years, yet the original cryptocurrency didn’t stay at its new all-time high very long as many traders appear to have taken the opportunity to book some profit.</p><p style=\"text-align: start;\">The token jumped as much as 2.5% to $69,191.95 shortly after 10 a.m. in New York, then almost immediately reversed course in a plunge that at one point sent it 14% below the record to $59,317.16.</p><p>“Given that nearly everyone who has ever bought Bitcoin is now in profit, there are decent odds we see some amount of profit taking,” said Zaheer Ebtikar, founder of crypto fund Split Capital.</p><p style=\"text-align: start;\">The volatile price swings on Tuesday were the latest example of the boom-or-bust nature of Bitcoin. Its recent gains had been amplified by bullish bets made in the derivatives market, where investors in the past could get leverage of as much as 100 times the size of their positions in products such as perpetual futures. With Bitcoin reversing its early gains, more than $800 million worth of bullish positions were quickly liquidated in the perpetual futures market, according to crypto data tracker Coinglass.</p><p>Bitcoin has experienced a breathtaking rebound this year amid strong demand from new US exchange-traded funds and a looming reduction in growth of the token’s supply. At its high on Tuesday, Bitcoin was up about 63% so far in 2024, outperforming global stocks and spreading optimism across the digital-asset market.</p><p>In an ironic twist, Bitcoin owes much of its resurgence to a regulator long-viewed as hostile to crypto: the US Securities and Exchange Commission. The SEC approved spot-Bitcoin exchange-traded funds in early January after suffering a legal defeat last year in its attempt to reject them. The move has widened the mass-market accessibility of Bitcoin, helping the crypto sector to turn the page following a bear market in 2022 and a string of subsequent bankruptcies, including the implosion of Sam Bankman-Fried’s FTX exchange.</p><p>A steady tide of money has poured into the ETFs issued by investment heavyweights including BlackRock Inc. and Fidelity Investments. The net inflow of almost $8 billion in less than two months is colliding with a looming reduction in Bitcoin’s supply growth — known as the halving — that is also stoking bullish sentiment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3b2134ac07227957d19f06f25c001b8\" tg-width=\"1200\" tg-height=\"675\"/></p><p style=\"text-align: start;\">“Breaking all-time highs, with the current momentum in spot ETFs as well as the upcoming halving narrative, would likely awaken true FOMO — fear of missing out — among participants currently watching markets from the sidelines,” said Stefan von Haenisch, head of trading at OSL SG Pte.</p><p style=\"text-align: start;\">The comeback in Bitcoin that started in early 2023 has lifted the overall market value of digital assets to about $2.6 trillion. Its revival from a low in November 2022 caps a bust-to-boom cycle that left the industry it spawned irrevocably changed.</p><p>Bitcoin hit its previous peak of $68,991.85 on Nov. 10, 2021, according to data compiled by Bloomberg, powered by the monetary and fiscal stimulus that governments around the world deployed to tackle the impact of Covid-19. The rally was driven partly by crypto purists known for their mantra of “HODL,” the result of a misspelling of “hold” that’s been adopted as an acronym for “hold on for dear life.”</p><h3 id=\"id_1477690974\" style=\"text-align: start;\">Reckoning in 2022</h3><p style=\"text-align: start;\">What was hailed by some as crypto’s ultimate coming-of-age moment back then instead turned out to be the start of a brutal reckoning.</p><p style=\"text-align: start;\">Soon after touching its high in 2021, Bitcoin — and wider crypto markets — began a precipitous descent as central banks turned hawkish to fight runaway inflation. By the end of 2021, Bitcoin’s price had tumbled by almost a third from its peak.</p><p>The bear market exposed widespread fraud and reckless risk-taking among many of crypto’s key players, embodied by the implosion of the TerraUSD stablecoin and the collapse of Bankman-Fried’s FTX exchange and related companies. Binance, the largest digital-asset exchange, and its founder Changpeng “CZ” Zhao also came under increased regulatory scrutiny.</p><p style=\"text-align: start;\">Bankman-Fried and Zhao are now awaiting sentencing in the US on criminal charges. TerraUSD creator Do Kwon, who was imprisoned in Montenegro last year for traveling with a fake passport, is fighting extradition to the US, where he’s wanted on fraud charges.</p><p>As the crypto dominoes fell during the 2022 slump, regulators around the world were already laying the groundwork for increased oversight — efforts given added impetus by the market crash. Dubai and Hong Kong have adopted new regulatory regimes, and the European Union passed the sweeping Markets in Crypto-Assets (MiCA) legislation last year. Countries from Australia to India and the UK have stepped up efforts to ensure that unlicensed crypto exchanges don’t cater to their residents.</p><h3 id=\"id_919090022\" style=\"text-align: start;\">BlackRock’s Impact</h3><p style=\"text-align: start;\">But just as crypto skeptics from JPMorgan Chase &amp; Co.’s Jamie Dimon to Berkshire Hathaway Inc.’s Charlie Munger derided Bitcoin as an intrinsically worthless object of mindless speculation, one of the world’s largest financial companies was about to add fuel to its rebound.</p><p>On June 15 last year, BlackRock filed an application with the SEC for the iShares Bitcoin Trust, which would invest directly in the token. While there had already been several similar attempts, BlackRock’s size and influence — it is the biggest ETF provider — was seen as an indication that this time, the outcome might be different.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9fe173e96a3af39ef4213ac0e1ef61b\" tg-width=\"939\" tg-height=\"514\"/></p><p>BlackRock’s ETF, trading under the IBIT ticker, was among the first batch of such products approved in early January. In less than two months, its assets have swelled to more than $10 billion. Bitcoin, meanwhile, has more than doubled in value since BlackRock made its application.</p><p style=\"text-align: start;\">“The Bitcoin all-time high marks a turning point for crypto,” said Nathan McCauley, CEO and co-founder of Anchorage Digital. “Traditional institutions were once sitting out; today, they are here in full force as the principal drivers of the crypto bull market.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Retreats After Record-Setting Run That Topped $69,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Retreats After Record-Setting Run That Topped $69,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 08:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-03-05/bitcoin-surges-to-record-high-for-first-time-since-november-2021><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin earlier surged to record above $69,000 on ETF demandLargest digital asset scales all-time peak achieved in 2021Bitcoin surged to a record for the first time in more than two years, yet the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-03-05/bitcoin-surges-to-record-high-for-first-time-since-november-2021\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2024-03-05/bitcoin-surges-to-record-high-for-first-time-since-november-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145772900","content_text":"Bitcoin earlier surged to record above $69,000 on ETF demandLargest digital asset scales all-time peak achieved in 2021Bitcoin surged to a record for the first time in more than two years, yet the original cryptocurrency didn’t stay at its new all-time high very long as many traders appear to have taken the opportunity to book some profit.The token jumped as much as 2.5% to $69,191.95 shortly after 10 a.m. in New York, then almost immediately reversed course in a plunge that at one point sent it 14% below the record to $59,317.16.“Given that nearly everyone who has ever bought Bitcoin is now in profit, there are decent odds we see some amount of profit taking,” said Zaheer Ebtikar, founder of crypto fund Split Capital.The volatile price swings on Tuesday were the latest example of the boom-or-bust nature of Bitcoin. Its recent gains had been amplified by bullish bets made in the derivatives market, where investors in the past could get leverage of as much as 100 times the size of their positions in products such as perpetual futures. With Bitcoin reversing its early gains, more than $800 million worth of bullish positions were quickly liquidated in the perpetual futures market, according to crypto data tracker Coinglass.Bitcoin has experienced a breathtaking rebound this year amid strong demand from new US exchange-traded funds and a looming reduction in growth of the token’s supply. At its high on Tuesday, Bitcoin was up about 63% so far in 2024, outperforming global stocks and spreading optimism across the digital-asset market.In an ironic twist, Bitcoin owes much of its resurgence to a regulator long-viewed as hostile to crypto: the US Securities and Exchange Commission. The SEC approved spot-Bitcoin exchange-traded funds in early January after suffering a legal defeat last year in its attempt to reject them. The move has widened the mass-market accessibility of Bitcoin, helping the crypto sector to turn the page following a bear market in 2022 and a string of subsequent bankruptcies, including the implosion of Sam Bankman-Fried’s FTX exchange.A steady tide of money has poured into the ETFs issued by investment heavyweights including BlackRock Inc. and Fidelity Investments. The net inflow of almost $8 billion in less than two months is colliding with a looming reduction in Bitcoin’s supply growth — known as the halving — that is also stoking bullish sentiment.“Breaking all-time highs, with the current momentum in spot ETFs as well as the upcoming halving narrative, would likely awaken true FOMO — fear of missing out — among participants currently watching markets from the sidelines,” said Stefan von Haenisch, head of trading at OSL SG Pte.The comeback in Bitcoin that started in early 2023 has lifted the overall market value of digital assets to about $2.6 trillion. Its revival from a low in November 2022 caps a bust-to-boom cycle that left the industry it spawned irrevocably changed.Bitcoin hit its previous peak of $68,991.85 on Nov. 10, 2021, according to data compiled by Bloomberg, powered by the monetary and fiscal stimulus that governments around the world deployed to tackle the impact of Covid-19. The rally was driven partly by crypto purists known for their mantra of “HODL,” the result of a misspelling of “hold” that’s been adopted as an acronym for “hold on for dear life.”Reckoning in 2022What was hailed by some as crypto’s ultimate coming-of-age moment back then instead turned out to be the start of a brutal reckoning.Soon after touching its high in 2021, Bitcoin — and wider crypto markets — began a precipitous descent as central banks turned hawkish to fight runaway inflation. By the end of 2021, Bitcoin’s price had tumbled by almost a third from its peak.The bear market exposed widespread fraud and reckless risk-taking among many of crypto’s key players, embodied by the implosion of the TerraUSD stablecoin and the collapse of Bankman-Fried’s FTX exchange and related companies. Binance, the largest digital-asset exchange, and its founder Changpeng “CZ” Zhao also came under increased regulatory scrutiny.Bankman-Fried and Zhao are now awaiting sentencing in the US on criminal charges. TerraUSD creator Do Kwon, who was imprisoned in Montenegro last year for traveling with a fake passport, is fighting extradition to the US, where he’s wanted on fraud charges.As the crypto dominoes fell during the 2022 slump, regulators around the world were already laying the groundwork for increased oversight — efforts given added impetus by the market crash. Dubai and Hong Kong have adopted new regulatory regimes, and the European Union passed the sweeping Markets in Crypto-Assets (MiCA) legislation last year. Countries from Australia to India and the UK have stepped up efforts to ensure that unlicensed crypto exchanges don’t cater to their residents.BlackRock’s ImpactBut just as crypto skeptics from JPMorgan Chase & Co.’s Jamie Dimon to Berkshire Hathaway Inc.’s Charlie Munger derided Bitcoin as an intrinsically worthless object of mindless speculation, one of the world’s largest financial companies was about to add fuel to its rebound.On June 15 last year, BlackRock filed an application with the SEC for the iShares Bitcoin Trust, which would invest directly in the token. While there had already been several similar attempts, BlackRock’s size and influence — it is the biggest ETF provider — was seen as an indication that this time, the outcome might be different.BlackRock’s ETF, trading under the IBIT ticker, was among the first batch of such products approved in early January. In less than two months, its assets have swelled to more than $10 billion. Bitcoin, meanwhile, has more than doubled in value since BlackRock made its application.“The Bitcoin all-time high marks a turning point for crypto,” said Nathan McCauley, CEO and co-founder of Anchorage Digital. “Traditional institutions were once sitting out; today, they are here in full force as the principal drivers of the crypto bull market.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278637074944000,"gmtCreate":1709054250277,"gmtModify":1709054253387,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278637074944000","repostId":"278580540809224","repostType":1,"repost":{"id":278580540809224,"gmtCreate":1709040567180,"gmtModify":1709040588326,"author":{"id":"3527667648076720","authorId":"3527667648076720","name":"Tiger_Chart","avatar":"https://community-static.tradeup.com/news/7790bfb6787629e35b934102b29cb912","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Bitcoin scorches past $57,000 as big buyers flock in","htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <a href=\"https://ttm.financial/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a> <a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> <a href=\"https://ttm.financial/S/CLSK\">$CleanSpark, Inc.(CLSK)$</a> <a href=\"https://ttm.financial/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a> Bitcoin is going in uptrend his last risen price today is 57420$ . Investors are watch it may be cross 60000$ in upcoming days due to Bitcoin halving in April 2024 .","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <a href=\"https://ttm.financial/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a> <a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> <a href=\"https://ttm.financial/S/CLSK\">$CleanSpark, Inc.(CLSK)$</a> <a href=\"https://ttm.financial/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a> Bitcoin is going in uptrend his last risen price today is 57420$ . Investors are watch it may be cross 60000$ in upcoming days due to Bitcoin halving in April 2024 .","text":"$Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $MicroStrategy(MSTR)$ $CleanSpark, Inc.(CLSK)$ $Riot Blockchain, Inc.(RIOT)$ Bitcoin is going in uptrend his last risen price today is 57420$ . Investors are watch it may be cross 60000$ in upcoming days due to Bitcoin halving in April 2024 .","images":[{"img":"https://community-static.tradeup.com/news/83ae22b029782a188f1f23342b299616","width":"1080","height":"1080"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278580540809224","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":274875372871744,"gmtCreate":1708146176465,"gmtModify":1708146180715,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274875372871744","repostId":"1109687482","repostType":4,"repost":{"id":"1109687482","pubTimestamp":1708134794,"share":"https://www.laohu8.com/m/news/1109687482?lang=&edition=full","pubTime":"2024-02-17 09:53","market":"us","language":"en","title":"Softbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture","url":"https://stock-news.laohu8.com/highlight/detail?id=1109687482","media":"Bloomberg","summary":"SoftBank has $41 billion cash pile and finances helped by ArmUndertaking code-named Izanagi after Japanese god of creationSoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion ","content":"<html><head></head><body><ul style=\"\"><li><p>SoftBank has $41 billion cash pile and finances helped by Arm</p></li><li><p>Undertaking code-named Izanagi after Japanese god of creation</p></li></ul><p>SoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion to bankroll a chip venture to compete with Nvidia Corp. and supply semiconductors essential for AI, according to people with knowledge of the matter.</p><p style=\"text-align: start;\">Code-named Izanagi, the project marks the billionaire’s next big endeavor as SoftBank sharply curtails startup investments. Son envisions creating a company that can complement chip design unit Arm Holdings Plc and allow the billionaire to build an AI chip powerhouse, said the people, who requested anonymity because the discussions remain private. In one scenario being considered, SoftBank would provide $30 billion, with $70 billion possibly coming from institutions in the Middle East, one of the people said.</p><p style=\"text-align: start;\">If he succeeds, the chip project will mark one of the largest investments in the AI arena since the advent of ChatGPT, dwarfing Microsoft Corp.’s recent bet on OpenAI of more than $10 billion. Son named the project after Izanagi, the Japanese god of creation and life, partly because it includes the initials for artificial general intelligence, the people said. Son has for years foretold the coming of AGI in his presentations, saying that a world filled with machines that are smarter than humans will be safer, healthier and happier.</p><p>Details of how the project will be funded or where the money will be spent have yet to be sorted out, and the project may evolve further, the people said. Son is continually toying with multiple investment ideas and strategies to strengthen Arm’s reach into the AI market and is always exploring different types of next-generation chips, they said. It’s unclear which company or companies will play a central role in developing the technology needed to challenge Nvidia, by far the leader in high-end AI accelerators.</p><p style=\"text-align: start;\">Representatives of SoftBank and Arm declined to comment.</p><p style=\"text-align: start;\">After a series of brutal setbacks in his startup investments, Son is focusing his efforts on Arm. The entrepreneur sees an opportunity to create a monster of a company in the same league as the Magnificent Seven stocks, the people said. SoftBank had ¥6.2 trillion ($41 billion) in cash and cash equivalents as of Dec. 31, thanks to a rebound in global equity markets. Its balance sheet got a boost from a windfall in T-Mobile US Inc. shares, worth almost $8 billion, as well as from the company’s 90% stake in Arm, which added roughly $50 billion in market value over the past week alone.</p><p style=\"text-align: start;\">While Son and OpenAI’s Sam Altman have held talks about joining forces and raising money in semiconductor manufacturing, Izanagi in its current form is separate from Altman’s ambitions, the people said. Son at one point sought to invest in another company developing a foundational AI model and asked the leaders of that business to help with the chip venture, but they declined, one person said.</p><p style=\"text-align: start;\">Alongside Son’s pursuit of AI-related investments, SoftBank has been exploring ways to use Arm’s chip designs. As a member of the SoftBank board and a technology expert, Arm Chief Executive Officer Rene Haas is advising Son on the project, the people said.</p><p>In a recent interview on Bloomberg TV, Haas was asked about this role in helping Son achieve his AI aspirations. “When you think about artificial general intelligence and what is required to make that happen in terms of compute, power efficiency, energy — those are all great areas for us to be involved in and focused on,” Haas said, noting that he was speaking as Arm CEO, rather than as a SoftBank director.</p><p>Son is spearheading Project Izanagi directly. The billionaire previously orchestrated the creation of SoftBank’s Vision Fund, which was at first a $100 billion project with Middle East backing that represented one of the world’s largest pools for tech investment. But in the past 18 months, investment from the unit has slowed to a fraction of its former scale.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Softbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-17 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-16/masayoshi-son-seeks-to-build-a-100-billion-ai-chip-venture?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoftBank has $41 billion cash pile and finances helped by ArmUndertaking code-named Izanagi after Japanese god of creationSoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-16/masayoshi-son-seeks-to-build-a-100-billion-ai-chip-venture?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","SFTBY":"软银集团","ARM":"ARM Holdings Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-16/masayoshi-son-seeks-to-build-a-100-billion-ai-chip-venture?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109687482","content_text":"SoftBank has $41 billion cash pile and finances helped by ArmUndertaking code-named Izanagi after Japanese god of creationSoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion to bankroll a chip venture to compete with Nvidia Corp. and supply semiconductors essential for AI, according to people with knowledge of the matter.Code-named Izanagi, the project marks the billionaire’s next big endeavor as SoftBank sharply curtails startup investments. Son envisions creating a company that can complement chip design unit Arm Holdings Plc and allow the billionaire to build an AI chip powerhouse, said the people, who requested anonymity because the discussions remain private. In one scenario being considered, SoftBank would provide $30 billion, with $70 billion possibly coming from institutions in the Middle East, one of the people said.If he succeeds, the chip project will mark one of the largest investments in the AI arena since the advent of ChatGPT, dwarfing Microsoft Corp.’s recent bet on OpenAI of more than $10 billion. Son named the project after Izanagi, the Japanese god of creation and life, partly because it includes the initials for artificial general intelligence, the people said. Son has for years foretold the coming of AGI in his presentations, saying that a world filled with machines that are smarter than humans will be safer, healthier and happier.Details of how the project will be funded or where the money will be spent have yet to be sorted out, and the project may evolve further, the people said. Son is continually toying with multiple investment ideas and strategies to strengthen Arm’s reach into the AI market and is always exploring different types of next-generation chips, they said. It’s unclear which company or companies will play a central role in developing the technology needed to challenge Nvidia, by far the leader in high-end AI accelerators.Representatives of SoftBank and Arm declined to comment.After a series of brutal setbacks in his startup investments, Son is focusing his efforts on Arm. The entrepreneur sees an opportunity to create a monster of a company in the same league as the Magnificent Seven stocks, the people said. SoftBank had ¥6.2 trillion ($41 billion) in cash and cash equivalents as of Dec. 31, thanks to a rebound in global equity markets. Its balance sheet got a boost from a windfall in T-Mobile US Inc. shares, worth almost $8 billion, as well as from the company’s 90% stake in Arm, which added roughly $50 billion in market value over the past week alone.While Son and OpenAI’s Sam Altman have held talks about joining forces and raising money in semiconductor manufacturing, Izanagi in its current form is separate from Altman’s ambitions, the people said. Son at one point sought to invest in another company developing a foundational AI model and asked the leaders of that business to help with the chip venture, but they declined, one person said.Alongside Son’s pursuit of AI-related investments, SoftBank has been exploring ways to use Arm’s chip designs. As a member of the SoftBank board and a technology expert, Arm Chief Executive Officer Rene Haas is advising Son on the project, the people said.In a recent interview on Bloomberg TV, Haas was asked about this role in helping Son achieve his AI aspirations. “When you think about artificial general intelligence and what is required to make that happen in terms of compute, power efficiency, energy — those are all great areas for us to be involved in and focused on,” Haas said, noting that he was speaking as Arm CEO, rather than as a SoftBank director.Son is spearheading Project Izanagi directly. The billionaire previously orchestrated the creation of SoftBank’s Vision Fund, which was at first a $100 billion project with Middle East backing that represented one of the world’s largest pools for tech investment. But in the past 18 months, investment from the unit has slowed to a fraction of its former scale.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":274875841339640,"gmtCreate":1708146153815,"gmtModify":1708146158206,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"They could partner with Huawei and build some AI chips.","listText":"They could partner with Huawei and build some AI chips.","text":"They could partner with Huawei and build some AI chips.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274875841339640","repostId":"1109687482","repostType":4,"repost":{"id":"1109687482","pubTimestamp":1708134794,"share":"https://www.laohu8.com/m/news/1109687482?lang=&edition=full","pubTime":"2024-02-17 09:53","market":"us","language":"en","title":"Softbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture","url":"https://stock-news.laohu8.com/highlight/detail?id=1109687482","media":"Bloomberg","summary":"SoftBank has $41 billion cash pile and finances helped by ArmUndertaking code-named Izanagi after Japanese god of creationSoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion ","content":"<html><head></head><body><ul style=\"\"><li><p>SoftBank has $41 billion cash pile and finances helped by Arm</p></li><li><p>Undertaking code-named Izanagi after Japanese god of creation</p></li></ul><p>SoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion to bankroll a chip venture to compete with Nvidia Corp. and supply semiconductors essential for AI, according to people with knowledge of the matter.</p><p style=\"text-align: start;\">Code-named Izanagi, the project marks the billionaire’s next big endeavor as SoftBank sharply curtails startup investments. Son envisions creating a company that can complement chip design unit Arm Holdings Plc and allow the billionaire to build an AI chip powerhouse, said the people, who requested anonymity because the discussions remain private. In one scenario being considered, SoftBank would provide $30 billion, with $70 billion possibly coming from institutions in the Middle East, one of the people said.</p><p style=\"text-align: start;\">If he succeeds, the chip project will mark one of the largest investments in the AI arena since the advent of ChatGPT, dwarfing Microsoft Corp.’s recent bet on OpenAI of more than $10 billion. Son named the project after Izanagi, the Japanese god of creation and life, partly because it includes the initials for artificial general intelligence, the people said. Son has for years foretold the coming of AGI in his presentations, saying that a world filled with machines that are smarter than humans will be safer, healthier and happier.</p><p>Details of how the project will be funded or where the money will be spent have yet to be sorted out, and the project may evolve further, the people said. Son is continually toying with multiple investment ideas and strategies to strengthen Arm’s reach into the AI market and is always exploring different types of next-generation chips, they said. It’s unclear which company or companies will play a central role in developing the technology needed to challenge Nvidia, by far the leader in high-end AI accelerators.</p><p style=\"text-align: start;\">Representatives of SoftBank and Arm declined to comment.</p><p style=\"text-align: start;\">After a series of brutal setbacks in his startup investments, Son is focusing his efforts on Arm. The entrepreneur sees an opportunity to create a monster of a company in the same league as the Magnificent Seven stocks, the people said. SoftBank had ¥6.2 trillion ($41 billion) in cash and cash equivalents as of Dec. 31, thanks to a rebound in global equity markets. Its balance sheet got a boost from a windfall in T-Mobile US Inc. shares, worth almost $8 billion, as well as from the company’s 90% stake in Arm, which added roughly $50 billion in market value over the past week alone.</p><p style=\"text-align: start;\">While Son and OpenAI’s Sam Altman have held talks about joining forces and raising money in semiconductor manufacturing, Izanagi in its current form is separate from Altman’s ambitions, the people said. Son at one point sought to invest in another company developing a foundational AI model and asked the leaders of that business to help with the chip venture, but they declined, one person said.</p><p style=\"text-align: start;\">Alongside Son’s pursuit of AI-related investments, SoftBank has been exploring ways to use Arm’s chip designs. As a member of the SoftBank board and a technology expert, Arm Chief Executive Officer Rene Haas is advising Son on the project, the people said.</p><p>In a recent interview on Bloomberg TV, Haas was asked about this role in helping Son achieve his AI aspirations. “When you think about artificial general intelligence and what is required to make that happen in terms of compute, power efficiency, energy — those are all great areas for us to be involved in and focused on,” Haas said, noting that he was speaking as Arm CEO, rather than as a SoftBank director.</p><p>Son is spearheading Project Izanagi directly. The billionaire previously orchestrated the creation of SoftBank’s Vision Fund, which was at first a $100 billion project with Middle East backing that represented one of the world’s largest pools for tech investment. But in the past 18 months, investment from the unit has slowed to a fraction of its former scale.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Softbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftbank's Founder Son Seeks to Build a $100 Billion AI Chip Venture\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-17 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-16/masayoshi-son-seeks-to-build-a-100-billion-ai-chip-venture?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoftBank has $41 billion cash pile and finances helped by ArmUndertaking code-named Izanagi after Japanese god of creationSoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-16/masayoshi-son-seeks-to-build-a-100-billion-ai-chip-venture?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","SFTBY":"软银集团","ARM":"ARM Holdings Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-16/masayoshi-son-seeks-to-build-a-100-billion-ai-chip-venture?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109687482","content_text":"SoftBank has $41 billion cash pile and finances helped by ArmUndertaking code-named Izanagi after Japanese god of creationSoftBank Group Corp. founder Masayoshi Son is seeking as much as $100 billion to bankroll a chip venture to compete with Nvidia Corp. and supply semiconductors essential for AI, according to people with knowledge of the matter.Code-named Izanagi, the project marks the billionaire’s next big endeavor as SoftBank sharply curtails startup investments. Son envisions creating a company that can complement chip design unit Arm Holdings Plc and allow the billionaire to build an AI chip powerhouse, said the people, who requested anonymity because the discussions remain private. In one scenario being considered, SoftBank would provide $30 billion, with $70 billion possibly coming from institutions in the Middle East, one of the people said.If he succeeds, the chip project will mark one of the largest investments in the AI arena since the advent of ChatGPT, dwarfing Microsoft Corp.’s recent bet on OpenAI of more than $10 billion. Son named the project after Izanagi, the Japanese god of creation and life, partly because it includes the initials for artificial general intelligence, the people said. Son has for years foretold the coming of AGI in his presentations, saying that a world filled with machines that are smarter than humans will be safer, healthier and happier.Details of how the project will be funded or where the money will be spent have yet to be sorted out, and the project may evolve further, the people said. Son is continually toying with multiple investment ideas and strategies to strengthen Arm’s reach into the AI market and is always exploring different types of next-generation chips, they said. It’s unclear which company or companies will play a central role in developing the technology needed to challenge Nvidia, by far the leader in high-end AI accelerators.Representatives of SoftBank and Arm declined to comment.After a series of brutal setbacks in his startup investments, Son is focusing his efforts on Arm. The entrepreneur sees an opportunity to create a monster of a company in the same league as the Magnificent Seven stocks, the people said. SoftBank had ¥6.2 trillion ($41 billion) in cash and cash equivalents as of Dec. 31, thanks to a rebound in global equity markets. Its balance sheet got a boost from a windfall in T-Mobile US Inc. shares, worth almost $8 billion, as well as from the company’s 90% stake in Arm, which added roughly $50 billion in market value over the past week alone.While Son and OpenAI’s Sam Altman have held talks about joining forces and raising money in semiconductor manufacturing, Izanagi in its current form is separate from Altman’s ambitions, the people said. Son at one point sought to invest in another company developing a foundational AI model and asked the leaders of that business to help with the chip venture, but they declined, one person said.Alongside Son’s pursuit of AI-related investments, SoftBank has been exploring ways to use Arm’s chip designs. As a member of the SoftBank board and a technology expert, Arm Chief Executive Officer Rene Haas is advising Son on the project, the people said.In a recent interview on Bloomberg TV, Haas was asked about this role in helping Son achieve his AI aspirations. “When you think about artificial general intelligence and what is required to make that happen in terms of compute, power efficiency, energy — those are all great areas for us to be involved in and focused on,” Haas said, noting that he was speaking as Arm CEO, rather than as a SoftBank director.Son is spearheading Project Izanagi directly. The billionaire previously orchestrated the creation of SoftBank’s Vision Fund, which was at first a $100 billion project with Middle East backing that represented one of the world’s largest pools for tech investment. But in the past 18 months, investment from the unit has slowed to a fraction of its former scale.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":271912039936296,"gmtCreate":1707422726813,"gmtModify":1707422732116,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"happy new year!&nbsp; 2024 will be a critical year for bitcoin as it is a halving year.&nbsp; great prosperity is coming!","listText":"happy new year!&nbsp; 2024 will be a critical year for bitcoin as it is a halving year.&nbsp; great prosperity is coming!","text":"happy new year! 2024 will be a critical year for bitcoin as it is a halving year. great prosperity is coming!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/271912039936296","isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":264240584233168,"gmtCreate":1705531253802,"gmtModify":1705531258859,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/d2372450f008357adfa46f6709455580","crmLevel":3,"crmLevelSwitch":1},"themes":[],"htmlText":"well this is very misleading because you didn't mention his assets. what if he has 10 billion dollars in assets? then a 1 billion debt is nothing. so you have to look at the whole picture not just take the debt out of context.","listText":"well this is very misleading because you didn't mention his assets. what if he has 10 billion dollars in assets? then a 1 billion debt is nothing. so you have to look at the whole picture not just take the debt out of context.","text":"well this is very misleading because you didn't mention his assets. what if he has 10 billion dollars in assets? then a 1 billion debt is nothing. so you have to look at the whole picture not just take the debt out of context.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264240584233168","isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[],"lives":[]}